Good morning guys,
I feel we might have a correction taking place of L .9535 to H .9720, so i’ve terminated my position for now with 103 Pips in the bag.
The trend is still bullish and if the correction takes place i will be longing again on the correctional dip.
We have 4 scenarios:
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The price corrects the rise from L. 9535 and bounces of 25% currently around .9673, which is just by Intra day support of .9670, a break below here and we will be going for 38.2%
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The price corrects the rise from L .9535 and bounces of 38.2 currently around .9650 and approximately the Midline of yesterdays price action.
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Consolidative price action from H of .9720 continues and we have a break of .9708 mini-short term H and then run for .9720 > .9913
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The price corrects, the bulls loose control, the price falls, it takes out .9670 > .9650 > .9588 and the dark side plagues the galaxy, we all suffer terrible, terrible, unimaginable margin calls of a death X_X induced by unhumane year long tortures in a dark and shady prison cell occupied by the fowl stench of long rotten and corroded bodies of rebell traders who by will of destiny where crushed in the vary claws of doom that ironically now become your short, and lonely future. Consumed by the inevitable arrival of death and engulfed in a cloud of misery and wounds that never heal nor sease to bleed for they themselves see no future but the darkness amidst them, leaving only our daily trade blogs as a legacy and a prosperous reminder of strenght and will to those who still heed the call of pippaling freedom…bahaha im loony lol, don’t mind me.
Btw. i recommend you buy above 9720 after we have good bullish candles there, preferable over .9747 to be on the safe side
Have a nice day, will update later.
Regards,
E. Lang